The Asia Pacific Sanitary Pumps and Valves Market would witness market growth of 4.0% CAGR during the forecast period (2023-2030).
Humans consume manufactured goods; thus, process businesses need to maintain and clean with extreme hygiene. The maker of processed items complies with sanitary standards to prevent slurries or fluids (liquid) from contaminating and promotes good manufacturing practices compliance since maintaining cleanliness helps prevent the spread of germs to these food products, pharmaceuticals, and beverages. The need for sanitary pumps and valves is aided by all of these causes.
Major factors propelling this market are the expanding food and beverage sector, rising consumer demand for hygienic and clean products, and the necessity for effective and dependable valves and pumps in the biotech and pharmaceutical sectors. One of the biggest markets for sanitary pumps and valves is the food & beverage industry. The demand for fresh, cutting-edge products is consistently rising as the sector develops and expands. This has increased the need for sanitary pumps and valves that can match the demanding specifications of the sector.
Due to the presence of large dairy producers like China and India, the region has a strong dairy sector. According to Invest India, India is the world's top milk producer, producing 24% of all milk produced globally in 2021–2022. The People's Republic of China, the world's largest importer of dairy products, saw a 3.6% increase in milk production in 2019. 2019 saw an increase in dairy imports, mainly of whole and skim milk powder, due to rising demand. Therefore, the growing dairy production and significant government support have increased the proportion of dairy processing plants in the region, which will use sanitary pumps and valves extensively. Hence, the regional market will grow in the coming years due to these factors.
The China market dominated the Asia Pacific Sanitary Pumps and Valves Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $283.3 Million by 2030. The Japan market is anticipated to grow at a CAGR of 3.3% during (2023 - 2030). Additionally, The India market would register a CAGR of 4.6% during (2023 - 2030).
Based on Pump Type, the market is segmented into Centrifugal Pumps, and Positive Displacement Pumps. Based on End User, the market is segmented into Processed Food, Dairy, Alcoholic Beverage, Non-alcoholic Beverage, Pharmaceutical, and Others. Based on Power Source, the market is segmented into Electric, and Air. Based on Primming Type, the market is segmented into Non-self Primming, and Self Primming. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Sanitary Pumps and Valves Market is Projected to reach USD 2.7 Billion by 2030, at a CAGR of 3.5%
The market research report covers the analysis of key stakeholders of the market. Key companies profiled in the report include Xylem, Inc., Graco, Inc. (Newell Brands Inc.), Alfa Laval AB, KSB SE & Co. KGaA, GEA Group AG, SPX Flow, Inc., Dover Corporation, Spirax Sarco Limited, IDEX Corporation, Verder International B.V.
By Pump Type
By End User
By Power Source
By Primming Type
By Country
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